Bee Money

09/09/2021

https://www.linkedin.com/posts/bee-money_audis-electric-concept-heralds-fresh-bid-activity-6841527855697018880-rO4a

Ask us about : [email protected] or call 0417 693 547 ...

08/09/2021

https://www.linkedin.com/feed/update/urn:li:activity:6786830453870604288

Although commercial asset finance is regarded as unregulated, there are disclosures and regulations that we as finance brokers consider and comply with...

08/09/2021

https://www.linkedin.com/posts/marleneliontis_chris-hampton-of-parley-property-advisory-activity-6828557057369657345-aml7

Chris Hampton of Parley Property Advisory (parleypa.com.au) A new boutique firm that specialises in sourcing investment-grade properties in regional areas...

08/09/2021

https://www.domain.com.au/news/brisbanes-best-property-buys-starting-at-375000-1086473/

From a two-bedroom townhouse in Corinda to a ripe-for-renovation, three-bedroom post-war house on the north side, all six of these properties are priced at less than $800,000.

08/09/2021

https://www.linkedin.com/feed/update/urn:li:activity:6798921386845990912

The more information commercial loan applicants can provide us, the smoother the assessment & application process. We use all of this information to prepare...

08/09/2021

https://www.linkedin.com/feed/update/urn:li:activity:6812879446253686784

Here are the 9 most common reasons a may decline a application: * If you have been in your current job role for less...

07/09/2021

https://www.domain.com.au/news/why-theres-never-been-a-better-time-to-get-in-on-tassies-property-investment-action-1082602/

There’s still time to jump on the Tassie train, the experts say, with high demand set to keep pushing up prices.

07/09/2021

https://www.linkedin.com/posts/bee-money_watch-daimler-presents-all-electric-mercedes-activity-6840936994940575744-tbxC

Talk to us about fleet and vehicle finance: [email protected] or call 0417 693547 ...

07/09/2021

Talk to us about fleet and vehicle finance: [email protected] or call 0417 693547

Daimler has presented their new Mercedes EQE, the first fully electric vehicle for the premium carmaker's high-performance AMG brand and a concept car for its luxury Maybach brand ahead of the Munich IAA car show opening.

07/09/2021

In development finance, there are various terms that financiers will use when discussing the viability of a project:

* GRV- Gross Realisable Value ( the gross value of the project)

* NRV- Net Realisable Value ( the gross value of the project less
GST & the developer's marketing costs) Lenders will generally finance 65% of NRV.

* TDC-Total Development Costs ( the value of the land plus all the development costs that go into the development. Land is assessed at the current market value) Lenders will generally finance 70-80% of TDC.

Lenders will generally finance the lower of the 2 costs ( NRV & TDC).

Financiers will prefer a profit margin of 15% + on developments.
Most lenders will prefer to see an element of pre-sales in the project as this shows that the market has been tested.
Lenders also consider 60% of pre-sales in a project as 100% debt coverage.

For more information about financing your next development project, contact us at [email protected] or contact us on 0417 693 547